liaisoneng and trilinga are correct. Stress and strain goes hand in hand. i.e. for steel in elastic range, e=ES where e=Strain, E=Young's Modulus and S=Stress
FYI you can get, and in some cases will get, compressive strain along with tensile strain depending on how your member behave under loading. ie. in purely compressive loading, your member will undergo compressive straining. In positive bending (smilie face deflection) your member will undergo compressive straining at the top and tensile straining at the bottom.